Parker wants to open a new bank account. He is looking for an account with a good interest rate that he can mostly use for savings but that he can also write a few checks from each month, to pay his mortgage and utility bills. Which type of account would Jeremy most likely open?

Jeremy would mostly like to open a money market account.

Explanation:

Money market account:

This account is essentially a hybrid between a savings and checking account. As in comparison to a savings or checking account this account make your money earn a higher interest rate in a money market more than it will earn in

It lets you write a limited number of checks each month and sometimes make debit purchases. We have to maintain the minimum balance for getting benefits of the interest rates.

As parker wants an account from which he wants to write a few checks so it can be done smoothly with the help of money market account as it offers regular monthly billing payments and some limitation for the transfers and checks.

answer; depth;

credit history is used by lenders to determine whether you are a 'risky' person to give their money to.

having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.

having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.